Oct 3, 2012 8:00pm EDT
to talk about the idea that government should be smaller and get out of the way. and an environment that is favorable for business is actually an environment where business will create jobs. how that's going to go over? >> it won't go over well, he hasn't had a real plan so far. these are about real people's lives. he's got a tougher job i think than the president tonight. because most people because of his comments whether he realizes it or not, he's lived a privileged life. and he doesn't understand common workers, what we go through every day. so he's got a tough job to make people let them know that he does understand what they go through. if he can do that, he'll have a good night. if he can't, i don't think the zingers are going to matter. because big problems require big solutions not bumper sticker answers. >> of course we know the relationship between white house and labor has not always been rosy over the last four years. is there something the president also needs to say to impress you? >> again, it's not what he says to me but what really american workers need. and that'
Oct 3, 2012 6:00pm PDT
plan will kill 700,000 jobs. i don't want to kill jobs in this environment. let me make one more point. >> leer: at's not an answer-- mr. president? >> we've had this discussion before. >> lehrer: about the idea that in order to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. >> lehrer: completely. >> look the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain, spain spends 42% of their total economy on government. >> lehrer: okay. >> we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> lehrer: but, but, mr. president, you're saying in order to get the jo